Denmark's CIP may get EUR-101m EIB loan for renewables

The European Investment Bank (EIB) may extend DKK 750 million (USD 112.6m/EUR 100.8m) in financing to support investments in renewables planned by Copenhagen Infrastructure Partners P/S (CIP).

The loan application is currently under consideration, the lender said on Wednesday.

CIP has three funds under management with a roughly DKK-25-billion investment commitment. It seeks to obtain equity and mezzanine-type investments for large greenfield energy projects, particularly in the renewable energy sector. The targeted technologies are onshore and offshore wind, solar and biomass. Projects will be developed in various locations including northwestern Europe, north America and some countries outside the Organisation for Economic Co-operation and Development (EOCD), the EIB said.

In May 11 CIP said it has acquired three offshore wind development sites in Taiwan with a total capacity of up to 1,500 MW.

(DKK 1.0 = USD 0.150/EUR 0.134)

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